Affairs

Retail

Retail therapy— Global

Preface

In the wake of bank bail-outs and car industry rescue plans, retail giants could find themselves standing next in line with begging bowls in hand. But it’s a re-think that’s really needed to keep the high street healthy.

bank bailout, car industry, high street

It makes sense for governments from local to national to focus on schemes to help their star employers first and worry about everyone else in the chorus later. Or does it? Banks get a lot of attention currently because they’ve bungled badly and countless millions still find them sensible places to park funds and buy off-the shelf financial solutions. Automotive companies grab headlines and receive hand-outs because they employ countless hundreds of thousands and the unraveling of the industry is not unlike witnessing a car crash. The aerospace…

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